About 103 Arch Street
Renovated luxury building featuring 21 apartment residences and one 1,050 square foot ground-floor retail space. 103 Arch Street is master leased to short-term housing operator Sonder and includes 11 studio apartments, 9 one-bedroom apartments and 1 two-bedroom apartment.
103 Arch Street was acquired by Thibeault Development of Everett for $2.2 million in January 2013. Thibeault proceeded to renovate the building and sold 103 Arch Street to The Hoffman Companies of Boston for $13.5 million in March 2017, or approximately $613,636 per unit. Average market rent at 103 Arch Street is $2,857 per month.